reduceourdeficitandoura little more future. while there romney and his sons rallied gop voters -- romney himself warned about and obama reelection. t means a continuing a unemployment and stagnant take-home pay. it means depressed home values. the race is considered a dead heat. put mr. obama just romney. ahead of the goal is to hundred 70 electoral votes. both campaigns are focusing on the midwest, especially ohio. no republican has won the white without the buckeye state. shift inegist says a any demographic could make the in the white house in this type were race. >> we have this reminder to our that we are tracking any nowlems at the polls through election day. tell us if you see any problems from long lines to machine malfunctions. you can send us an e-mail. we are also your home for the in election night coverage. up with abc news coverage and we will have our reporters on the ground in boston and chicago and all well. al races as that all begins at 7:00 on tuesday evening. some good news tonight when it the aftermath of sandy. first, services coming back on a schedule an

bare quite frankly it's ridiculous to talk about a $1.4billiondeficit. thebills the stadium is about as good as as it was when it was built. will have to do some upgrades but there is $1.4 billion sitting around for a stadium at the bills have already said they don't want spent quick follow-up. you think of in the of the local economy that the buffalo market can still support an nfl team? hochul: absolutely. absolutely i believe in his team. this team is important to our local identity. not just in buffalo but rochester. they do the summer training at st. johns fisher. that's an important economic catalyst all over the district. sunday morning i was at the restaurant in warsaw, the place was packed with people heading to the bills game. we've got to keep the filter. spent is it feasible? collins: absolutely. what we got here is a great regional market. we sell out the stadium, the sport of the fans is second to none even the we have been 13 years not in the playoffs. i know that the bills want to stay here. they need what i think a reasonable improvements to the stadium and i'm confi

facethisdeficit--could crush the future generations. and republicans and democrats both love america but we need to have leadership -- leadership in washington that will actually bring people together and get the job done and could not care less if it's a republican or a democrat. i've done it before, i'll do it again. i'm mitt romney, and i approve this message. i'm mitt romney, my name is julian bond. i know a little something about fighting for what's right and just. maryland's gay and lesbian families share the same values and they should share in the right to marry. i believe people of faith understand this isn't about any one religious belief. it's about protecting the civil right to make a lifelong commitment to the person you love. join me in supporting question 6. it's the right thing to do. >>> we want you to take a look at the time lapse that we got. this is 59th and the bay in maryland. as the night fell you can see the rains come and then they picked up. watch as daybreaks and you see the water taking on. well, there's one and that's where it stops. there's one c

spending andmoredeficitsifhe proposes anything. >> and playing the republicans' game. chris: ok. let's look at what could be the key to everything. ohio. and you've written about it. every winning republican has carried ohio. and joe, your magazine, "time" magazine has a big spread on it this week. why hoeup will decide the election -- ohio will decide the election and your ohio poll has obama up five points. the gender gap is big in ohio. obama up in 19 points among women. and another fascinating thing obama gets 43% of the wheat vote, higher than in most states. is it all about the auto bailout, smart move politically? >> it is all about the auto bailout. the chevy cruise which is assembled in ohio has ohio parts. down to the seat covers. and everybody knows that the alternative to the auto bailout would have been 13%, 14% unemployment in that state. chris: is there a national positive for him on the auto front or is it just in a couple of states, wisconsin, obviously michigan, those kind of mi western industrial statse? >> coal being part of the state that's doing well. obviously th

, "yes, i do haveadeficitplan.go look on my website. it's there. it's true." which puts the burden on the audience. i wish they would go to your website because they won't find out the answer at mitt romney's website. >> but then we come to the second part of the process that protects. you heard in the debates candidates saying, "that's not true. check the record. check the transcript," and an invitation essentially to go to the fact checkers and journalism. to the extent that this year we've had a lot of fact checking in national journalism, a lot more than we've had in previous years. and we know now after the first three debates. last time i talked to you it was, it was only a hypothesis, that the people who said they went to the fact checking sites or went to journalism for fact checking on the web, were more likely to accurately be able to portray the candidates' positions and those exchanges in which somebody was alleging deception. romney, his plan largely doesn't add up. obama did not apologize around the world, if by apologize you mean said, "i'm sorry and i apologize." what

elected, he asked the wealthiest americans to pay a little more so that we can reducethedeficitandmake investment in education, research, and guess what? a bunch of folks running for congress at the time said this is going to hurt the economy. this is going to kill job creation. if that argument sounds familiar, one of those candidates has to be running for president right now. it turns out his bath at their math was just as bad back then as it is now. by the end of bill clinton's second term, americans created 23 million new jobs. poverty was doubt and the deficit became the biggest surplus in history. colorado, we know the ideas. we know that our ideas work. we also know those that don't work. eight years after bill clinton left office. his policies were reversed. the wealthiest americans got tax breaks they did not need. companies enjoy tax breaks for shipping jobs overseas and insured that oil companies and wall street were given free rein. folks got to play by different set of rules than the rest of us. the result was falling in comes and record deficits and the slowest job g

said i can't is very concerned about thefiscaldeficitsituationand the finance minister unveiling the consolidation plan, something that hasn't gone on particularly well with the markets because they're not willing to believe the fiscal map. let's talk about what the government intendses to close fy 13 with. the budgeted number 5.1, saying there will be a slippage, but they hope to contain to 5.3%. most estimates peg the fiscal deficit numberner from 5.7 to 5.9%. but as i said, the finance minister coming out all guns blazing and saying it cannot be a business as usual promise. the tough decidings will need to be taken. they are talking about the decisions on the taxation front. they hope to divest the government's share holding. the spectrum sale should give them another strengthening rupee will bring down their import subsidy especially as far as oil sub s citydyes are concerninged. so the government at this point in time is clear, they're also sending out a message to the reserve bank of india. it announces its mop taker poli policy, they feel it could be a signal the governmen

president obama. but given thatthedeficitisthe top issue for so many in this country, how are they supposed to feel about the fact this candidate says hees not going to balance the budget until the end of the second term. >> our tax reform plan has been validated by harvey rosen out of princeton. even the president's current head of the council economic adviser said in 1986 -- a lot of additional jobs, so if you you add up the growth, we think $7 million worth of jobs, plus what we can save by reforming the tax code, it's fully possible. now, you mentioned defense spending. we're going to ramp it up, but do it at the same time the spending on overseas operations is going down. he wants to capture what he spent on afghanistan to help the military rest and reconstitute after ten years of welfare. >> it seems unfair when you all do it, too, those wars are already slated to end and they were paid for with borrowed money. when that isn't being spent, it's not saved for you too to do something else with. >> spending on defense, okay, the top line, if you're including those top line overs

obama care, which killed jobs. he said he would cutthedeficitinhalf, instead it's double what it was. he said he'd get unemployment by now down to 5.2%, and we learned today it ticked up to 7.9%. that's 9 million jobs short. those are real americans. can't find work, 23 million in all can't find work or can't find work that's up to their needs. can only five part-time job. this is a critical time. the president was a president who took office with the economy as the number one challenge, and you know, he's got a higher unemployment today than when he took office. think of that. >> the president is also scheduled to speak this hour in ohio. we'll bring that to you live also. the story everyone here in new york is talking about today. will the new york city marathon help the city heal from sandy or make a bad situation worse? we'll spin on that and dive deep into our state of the day where i will make a change on my map as "the cycle" rolls on for a busy friday, november 2nd. begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smoo

the government needs to spend onthedeficitandthey need to go further into debt in order to push all the money out into the economy that is not in the economy because everybody is afraid to spend. the great depression went on for more than 10 years after the rooseveltsian stimulus started. if your car world war room in even christina romer has refuted the idea that the war ended the depression. at.n one of th the original failure of keynesian was during the depression. nobody saw it that way. if you take that seriously. taking up slack in demand is what we need to do, how much do we need to spend? what is the dollar figure that the government needs to put out? yeah. >> there is a lot of debate about this during the recovery. it is hard to come up with a precise figure because we are human beings. >> the keynesians are the ones that believe that everything is track ball and you use mathematical formulas and greek letters. >> there was internal debate in the obama administration, how big is the gap? and how much should the government do on its own or how much should it laid the flo

, the excess of wall street, our state was faced with a $42 billionbudgetdeficit. overthe last four years, the legislature and two governors have chipped away at this deficit from 42 to 26 to $19 billion, and now we're almost to the end of it. and all parts of public service, especially public education, have been hit very, very hard. but it's not just k-12. it's all three segments of the higher education system, it's the safety net for people, most in need. we've completely eliminated dental care and dental assistance for low income adults, for example. now, if prop 30 fails, or if prop 38 gets more votes than prop 30, what will happen is very clear. there will be almost $6 billion worth of automatic cuts to k-12 education. higher education, other public services. and the money that arun talks about, under prop 38, will not even kick in, until after the two to three weeks of the school year have already been lopped off this particular academic year. and in addition, the state budget deficit will continue to linger at a number between $3 billion and $5 billion. proposition 30 gives

. >> the president said he'd cutthedeficitinhalf. unfortunately, he doubled it. trillion-dollar deficits for the last four years. >> not true. the annual deficit was already running at $1.2 trillion when obama took office. >> reporter: how is fact checking actually done? on the last presidential debate, we watched one of the oldest fact-checking groups do their job. they are called factcheck.org, established by the university of pennsylvania. four members went to work. eugene kiely used to be a newspaper reporter. he covered congress and government for more than 20 years. he is managing this evening's fact checking. been as important or central in this campaign as the economy has been up until recently, there's some material here that we're going to have to research for first time. >> reporter: as soon as the debate begins, kiely starts to type what both candidates say. he comes across figures or comments that need checking. next, he e-mails colleagues, telling them what to research. then they check the accuracy of the comments. they use official sources like those of the congre

sanity on debtanddeficitwithoutthat is beyond my comprehension. >> maybe he doesn't believe that, either. >> mark made excellent put on this, that if we get this solved, it would be better with barack obama as president and mitt romney. he is so dug into his position. he is so dug into his position that i not see how he could get an agreement. behalf,tt romney's doesn't like that imus around move to -- doesn't the fact that he does move are out work to his advantage? >> democratic senate, republican house, which he washy president, it i -- wishy washy and, it could be the makings of a deal. >> not if you have a president who is not willing to lean on his own party. obama has been willing to do that. the question is if romney would be willing to lean on his tea party wing. >> are we going to have a democratic senate? >> white and looks increasingly like we will have a democratic -- once again in looks and charisma and like we will have a democratic senate, and the rebel against have once again blown it by not putting -- the republicans have once again blunted by nominating people

clear, mr. macgovern, your concern with the national debt and thebudgetdeficityouwould allow the cuts to go through? glak i didn't say that. i'm trying to get collar clarity i'm making a larger point. you're fighting over a side show of the war. .. and that's my point. >> if i can i don't want to put words in john small, but john i think you said if i remember correctly, that the budget was, quote on quote, too timid. did you say that? i did. let's be clear what the right and budget does is make devastating cuts and virtually every program in the medicare as we know it right now major cuts in pell grants, major cuts in nutrition programs and i have no doubt. john as i understand it wanted to go even further to see the deficit reduction to do it not on the backs of the elderly, the sec and the poor and that is by asking the wealthiest people and the largest corporations to start paying their fair share of taxes. i was talking about it gets us to solve that problem over a period of ten years. i thought ten years was too long basically. that was not an endorsement of every singl

the time i left office, we had moved past 20 states in job creation and turnedadeficitintoa rainy day fund. whether in public office or private business, i did not ask people what party they belong to. i asked them what ideas they brought to the table. as the governor, i met with leaders of both parties to find common ground. that is what i will do as president, and i will start on day one. on my first day of office, i will send five bills to office and signed five executive orders. everyone of them will help us create jobs. that is just the start of my plan to create 12 million jobs in my first term alone. every piece of legislation and every executive order will help us achieve five important goals. first, to achieve north american energy independence by 2020. second, to make sure students and workers have the skills they need to succeed. third, we will promote trade that works for america and cut down on countries like china when they cheat. fourth, we will cut the deficit from day one and balance our budget within 10 years. finally, we will champion our small businesses,

-the-board tax cut. how you are going to achieve any kind of sanity on the debtanddeficitwithoutthat is beyond my comprehension. >> maybe he doesn't believe that either. >> if they are going to get a deal, it probably is going to be better with barack obama as president that mitt romney. he is so dug into his position -- he does flipper from time to time, but he is so dug into his position that i don't see how he could get an agreement. >> on mitt romney's behalf, doesn't the fact that he does move around work to his advantage? >> you could have a democratic senate, republican house, wishy washy president, and that could be the ingredients of a deal. >> is not that if you don't ever president if the -- don't have a president who was willing to lean on his own party. obama has been willing to do that. >> are we going to have a democratic senate? >> right now it looks increasingly like we will have a democratic senate. once again, republicans have blown it by nominating people like richard mourdock in indiana over richard lugar, nominate taught a get in missouri against if hon. --

-bowles proposal which is a terrific straw maman on how toeal withthedeficitina lanced manner. ththat is the ly way to deal with the deficit, in a balanced approaoach. i would put that upor the congress and work with that proposal. >> you would be partners with a popular maryryland democrat who also has a position sitting as he does in the ranking position on the budget committee e who was involved in all those negotiations behind the scenes at the white house, saying they did not want to go as far as sisimpson-bowles. whwhat do you say to chris van hollen? >> chris is a terrific member of congress and served the country beautifully. what the one to focus on is going forward. think however simpson-bowles is a great proposal. i am very supportive of it and i think is the blueprint we ne to follow. we cannot all agree on erything. >> i have to make evenadmit iis tough waiting. >> the d deficit situation is the central issue facing this country. the only way to fix it is througugh a balanced approach. people are going to c come the table initially with their very strong opinions,

noda is once again navigating rough political waters. his government needs toissuedeficitbondsor public services will grind to a halt. in order to do that, he must nail down an agreement with the opposition parties. that could force him to call an election. japanese lawmakers gathered monday to start an extraordinary session of the diet. noda only delivered his opening speech to the lower house. the opposition who control the upper house didn't allow him to speak. that's never happened before. noda had an agreement in august that led to the passage of bills to raise the consumption tax and reform social security. he's angling for more agreements. he needs opposition support to help reform the electoral system to address the disparity in weight of votes among constituencies. a more pressing issue, though, is the budget. the prime minister wants opposition parties to vote in favor of a bill to allow the government to issue deficit-government bonds. he says delaying this year's budget will affect people's lives and the economy. >> translator: every year we use the deficit bond bills

china's trade surplus andamerica'sdeficit. thisproblem drew similar responses from both candidates. president obama emphasized his record of bringing cases against china to the world trade organization, the wto, while seeking redress for unfair trade practices. governor romney emphasized his plan of levying tariffs against chinese imports to the u.s. if china persists refusing to follow international trade rules. >> question. both president obama's and governor romney's positions on china are they solid and presidential in scope and in content? >>> tim? >> it is silly politics. this is what every politician does. they campaign like pat buchanan, frankly, as a nationalist, and they govern as free traders as internationalists. these guys are not going to wage a trade war in china this is tough talk to win ohio. >> you want to defend yourself. >> i am an economic patriot and economic nationalist and obama is using my phrase. but i believe romney has gotten himself out to a point with this occurrence manipulator he is going to have to follow through on it. i agree with governor romney

quadrupled the debt before i took office. then i gave the four years ofdecliningdeficitsandfour years of surpluses. [applause] they got back in and they got into debt again. this should explain something to you. obama's plan brings the debt down and is based on our arithmetic. what is romney's plan? another big tax cuts for upper income people. and gives the highest income people 60% of the tax cuts. and then to cut education and investment in areas that will create jobs, cut them a lot. repeal the student loan law making it more expensive and harder to repay. keeping us down there in rankings of college graduates. do not produce a budget. you want to spend 2.4 trillion dollars more. you want to cut taxes more than he wants to cut taxes. you have only identified $1 trillion of tax deductions on companies he want to repeal. that is president obama's ideal. that leaves $6.50 trillion. how will you fill the hole? you wanted to reduce the long- term debt. how will the do that? see me about that after the election. [laughter] he has no budget. i want to vote for the president who has a bud

thedeficit. weboth submitted our economic proposals to the boston globe. they were sent out four independent economic analysis. what the independent economists found is that i was 67% more effective at cutting the deficit then senator brown. why? because i am willing to make cuts. i am willing to make substantial cuts. i support substantial cuts. i also believe we have to raise revenues. that is what it will take to get serious about our deficit. i truly believe on this one, this is about our children and grandchildren. we cannot leave it to our grandchildren to pay off our debts. >> great question. we are in the $16 trillion national debt. we are in another trillion dollar deficit. you cannot keep borrowing to pay our bills. when we are talking about cutting military spending, we have party cut in half a trillion dollars. that affects many people in this room and people watching. i have been battling as a member of the arms services committee to try to find the resources to protect our men and women who are serving. we have sequestration coming up. we are trying to work in a bip

america competitive, create millions of jobs, and cutthedeficit. votersunderstand their big ideas and they like them, but undecided voters aren't sure which guy can turn promises into economic reality. i've got two of the best political minds in the country to break this down for us. candy crowley our chief political correspondent, host of "state of the union with candy crowley" and mark preston, cnn's political director. candy, let's start with you. from the very first primary which you covered to the last hour of voting, the economy has been and will be issue number one. is there anything either candidate can really say or do in the next few days to sway voters who are still not convinced? >> i don't know that even if they could, they have anything left to say or do to convince these voters. you know as well as i do, we're going to get one more jobs report and we're also going to get the report for how the economy, the gdp, how the economy did in the third quarter, so, you know, it's possible that they will have some talking points around that but at this point in a campaign, th

enormously concerned aboutthedeficit, aboutgovernment spending, and about debt. he told me if i ran my business the way the government runs its house, i'd be out of business, and that is what we hear across iowa, city to city, whether they lean right or left, they hate the debt here, and i spoke to this one guy in des moines, bob bradshaw. i think he sums it up pretty well. listen. is it the jobs or is it the deficit? >> both. you know, if we're not bringing it in, we shouldn't spend it. and if it's, you know, tough on us to make it better for our kids, i'm willing to sacrifice now to make it better for our kids. >> so interesting. and also people talk about the quality of the jobs, too, right? so even though the unemployment rate is 5.2%, they're worried about how much debt we have, the deficit. they're also worried that the quality of the jobs that are available aren't maybe what they used to be. >> they are. and they said, look, poppy, it's not just about that 5.2%, it's about the jobs that we're getting that are being created. they're lower paying jobs, the hours are less. and t

life. then he became a governor and he inherited a state withthedeficitswerehigh, people were out of work. when he left, what was the story? he balanced the budget, ran a surplus, and the people back to work. and then i think you saw with one of these videos about the olympics. that is leadership. you go out there, the thing is a mess and you turn it around because you are a leader. that is why it is so important we elect romney, because it is these kids' future that is at stake. it is the strength of the family that is at stake. now, i have to tell you, i have been referring to paul ryan as the paul revere of the next generation, ok? i've known paul ryan for a long time. unfortunately, he is a lot younger than i am. in fact, when i was budget committee chairman, he worked on the staff of the budget committee. but he stood out like no one else on nasdaq. then he was elected to congress. our careers are very similar because he has taken on these issues, these a dent issues and economic issues and the job issues for our country. i have to tell you, when you are in washington doing t

who is president. it matters if we getcredibledeficitreductionout there. what's important is the housing market could be a big upset surprise. housing market coming back and state and local government still deteriorating, but if they just plateau out and are no longer a drag, the do i nynamics of thatd mean more growth. still 2013 the diceyest part of the equation right now. >>> the romney campaign issued a press release saying it's a sad reminder that our economy is at a virtual standstichlt polar opposite view of austan goolsbee. >>> not everyone is feeling the recovery. i'll tell you who got left behind right after the break. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. check out the latest collection of snacks from lean cuisine. creamy s

job creator and then he went into government. and he took the state of massachusettsfromdeficitstosurplus, from job losses to job gains. and let's think about his pure leadership capability in those olympics. he didn't lead with a title and he didn't lead with anything other than the ability of a human being to raise the bar of everybody else. you know what, my kids are 12 years old. i want an america that will give the next generation more than the last generation gave to us. that's the greatest american tradition that we celebrate across our great country. . i know he's going to deliver that. i'm not for mitt romney just because he happens to be a republican. i'm for mitt romney because he will lead to a brighter and stronger america and a brighter and stronger ohio. we need the wind at our back, not in our face. there are a lot of polls out there talking about what the going to happen. i've thought about it long and hard and i don't spin a lot. i do it straight from the shoulder. look around. look at this crowd. look at this enthuse asm and not just here. not just here but a

can fix the debt. nothing is more important than eliminatingthedeficitandfixing the debt. so many things will flow from that. the president has to get both sides together, the caucus leaders, the people who took some chances on since and-bolts, tom coburn who said, i guess, i'm taking a chance. we've got to get the big urbansa -- the dick durbins, who supported simpson-balls even though it -- simpson-bowles. and we need to get something along those lines to eliminate the deficit and fix the debt, invest in building a true american energy independence, that will increase the tax credit for wind and solar, do things for gossip and solar and oil, and -- to do things for gas and oil. even if we do not build new nuclear reactors, our reactors are going to be old in 20 years. have an all-in strategy and invest in training and education and leave the congress on both sides. we're going to do this, but i'm going to take the weight. if there are tough decisions, blame them on me. that is what executive leadership is about. that is what the president is determined to do after the election.

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